CORPORATE SNAPSHOT
| Security Type | Price Per Share | Shares O/S |
|---|---|---|
| Common Shares – Founders | 20,000,000 | |
| Common Shares – Private Financings | $0.10 | 39,680,900 |
| Common Shares – Auto. Convertible Debentures | $0.20 | 24,536,757 |
| Common Shares – Concurrent Financing | $0.20 | 23,094,155 |
| Common Shares – Shell – Deeprock Minerals Inc | $0.20 | 2,534,765 |
| Basic Shares Outstanding | 109,846,577 | |
| Options (1) | – | |
| Warrants – Concurrent Financing | $0.25 |
11,547,074 |
| Broker’s Warrants – Private Financings | $0.10 |
197,400 |
| Broker’s Warrants – Concurrent Financing | $0.25 |
911,900 |
| Advisory Warrants – Concurrent Financing | $0.25 |
260,000 |
| Special Warrants – Borrahla (2) | $0.30 | 4,466,667 |
| Special Warrants – Vila Verde (2) | $0.40 |
6,700,000 |
| Warrants – Shell – Deeprock Minerals Inc. | $2.40 |
116,875 |
| Fully Diluted Shares Outstanding | 134,046,493 |
- The company's Omnibus Plan will provide for the grant of a number of Stock Options equal to up to 10% of the total issued and outstanding number of common shares.
- The Special Warrants are performance special warrants issued as part of the consideration paid to the vendors of the Tungsten Projects, which are comprised of: (i) the Borralha Special Warrants, which vest no earlier than 12 months plus a day after the date of Listing provided that the vesting conditions are met, and has a face value of $1,340,000 which converts on vesting for no additional consideration into common shares at the greater of $0.30/share and the 20 day VWAP; and (ii) the Vila Verde Special Warrants, which vest no earlier than 36 months plus a day after the date of Listing provided that the respective vesting conditions are met, and has a face value of $2,680,000 which converts on vesting for no additional consideration into common shares at the greater of $0.40/share and the 20 day VWAP. There will be up to 11,166,667 common shares issuable pursuant to the Special Warrants, assuming that the respective vesting conditions are met for the Special Warrants and assuming the minimum conversion price of $0.30/share for the Borralha Special Warrants and $0.40/share for the Vila Verde Special Warrants.
Media
